Question: Dorothy Corporation had the following accounts in its year end adjusted
Dorothy Corporation had the following accounts in its year-end adjusted trial balance: Inventories, $23,600; Accounts receivable, $7,600; Accounts payable, $7,200; Prepaid rent, $2,400; Marketable securities, $3,000; Allowance for doubtful accounts, $1,100; and Cash, $1,500. Prepare the current assets section of Dorothy Corporation’s year-end balance sheet.
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